Depositing in banks for the purpose of safekeeping

The questioner:
The question is: It is not permissible to look into any of these matters, or to request from the absolute without accepting the Qur'an or respecting it. Or the Creator, and what is expected of these witnesses or the different ones, and what is permissible is depositing in them except for the judgment.

The Shaykh:
Depositing in banks for the purpose of safekeeping is permissible out of dire necessity. It is permissible to distribute your money in order to preserve it from theft and loss, from the perspective of dire necessity. However, depositing for the purpose of investment and taking riba (usury or interest) profits is forbidden. All banks are the same; I do not know of any bank that is better than others. They are all riba-based; they are all riba banks. But if you are compelled to deposit in them for safekeeping, there is no barrier, because Allah the Exalted says: Even if you are sitting, you have fear, and she has fear that it will be stolen, and perhaps it will be taken from you, and you will face uncertainty or death. Praise be to Allah, our religion is safe. You withdraw from it the amount of your need, but you do not take riba profits from it. Yes.